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Impact of Staff Motivation Schemes on Employee Retention: A Case Study of Marks and Spencer

   

Added on  2023-06-15

19 Pages5378 Words81 Views
Professional Development
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Research Project
Impact of Staff Motivation Schemes on Employee Retention: A Case Study of Marks and Spencer_1

Contents
Chapter 1 - INTRODUCTION...........................................................................................................3
1.1 Research Aim..............................................................................................................................3
1.2 Research Objectives.....................................................................................................................3
1.3 Research Questions......................................................................................................................3
1.4 Rationale for research..................................................................................................................3
Chapter 2 - Literature Review............................................................................................................5
Concept of employee retention..........................................................................................................5
Different kind of staff motivation schemes that could be consider by organisation in order to
improve employee retention with in business....................................................................................5
Significance of effective staff motivation schemes in order to improve performance and
productivity of business.....................................................................................................................7
Chapter 3 - Methodology....................................................................................................................8
3.1 Research Approach......................................................................................................................8
3.2 Research Strategy........................................................................................................................8
3.3 Research Methodology................................................................................................................8
3.4 Research Tools............................................................................................................................9
3.5 Sampling......................................................................................................................................9
3.5.1 Sampling Strategy.....................................................................................................................9
Chapter 4 - Findings..........................................................................................................................10
Chapter 5 - Discussion.......................................................................................................................14
Chapter 6 - Conclusion, Recommendations and Implications for further research.....................17
REFERENCES..................................................................................................................................18
Appendix............................................................................................................................................19
Impact of Staff Motivation Schemes on Employee Retention: A Case Study of Marks and Spencer_2

Chapter 1 - INTRODUCTION
Motivation performs an essential position in worker satisfaction and eventually
employee retention (Adderley and Xiongying, 2021). Nothing works better than motivation.
Motivation acts as a catalyst to an individual's success. The group leaders and the managers
must continuously encourage the personnel to extract the best out of them . The personnel
who have accomplished properly constantly must be felicitated in front of all of the team of
workers contributors as well as the management. Give them trophies or badges to flaunt. This
is a good way to inspire the employees for them to stay happy and paintings with willpower
for a longer period. Others who've now not performed up to speed also tools up for destiny.
The names of the pinnacle performers should be placed on the employer’s principal note
board or bulletin board for everyone to peer. Human beings research a valuable lesson early
on in existence:
1.1 Research Aim
“To investigate the impact of different staff motivation schemes in order to retain
talented employees with in organisation. Case study of Marks and Spencer.”
1.2 Research Objectives
To determine the concept of employee retention.
To evaluate the different kind of staff motivation schemes that could be consider by
organisation in order to improve employee retention with in business.
To analyse the significance of effective staff motivation schemes in order to improve
performance and productivity of business.
1.3 Research Questions
What is the concept of employee retention?
What are the different kinds of staff motivation schemes that could be consider by
organisation in order to improve employee retention with in business?
What is the significance of effective staff motivation schemes in order to improve
performance and productivity of business?
1.4 Rationale for research
The main reason for choosing this research project is to gain information and
understanding regarding the staff motivation schemes as well as its impact over
organisational practices. It is essential for company to conduct effective motivation practices
Impact of Staff Motivation Schemes on Employee Retention: A Case Study of Marks and Spencer_3

in order to retain talented employees with in organisation as well as attain desired goals.
Talent management can be consider as one of the crucial element of business which will lead
to have major impact on organisation as well as help in attaining desired goals.
Impact of Staff Motivation Schemes on Employee Retention: A Case Study of Marks and Spencer_4

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